Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
ICSI has urged the Ministry of Corporate Affairs to enforce compliance with Section 203 for Whole-time CS appointments, stressing the importance of corporate governance.
The Calcutta High Court affirmed the NCLT's authority to transfer winding-up proceedings suo motu, underlining judicial discretion when proceedings haven't reached irreversible stages.
The NCLT ruled that consent letters are insufficient to forgo the secured creditors' meeting. It mandated the meeting convening while allowing other stakeholder meetings to proceed based on affidavit consents.
Changes to FEMA reporting requirements by the RBI aim to ease compliance for Authorised Persons, streamlining the process.
The RBI has rescinded outdated FEMA circulars as part of a regulatory review process, aiding compliance for stakeholders.
The RBI's Sixth Amendment has broadened the usage of SNRR accounts through IFSC branches, although it does not change the legal classification of various account transactions.
The RBI has modified the reporting requirements for Authorized Persons under FEMA, 1999, streamlining the framework for money changing and transfer services. This amendment intends to enhance operational efficiency.
The RBI has modified reporting requirements under FEMA in a directive aimed at enhancing clarity. These modifications are directed at all authorised persons in the foreign exchange domain.
The RBI has released draft Master Direction on money markets, inviting comments from stakeholders by July 17, 2026.
The Reserve Bank of India has released the auction calendar for Treasury Bills for the third quarter of 2026, enhancing investor awareness.
The RBI has announced an auction of Government of India Treasury Bills, with significant amounts expected across different maturities starting July 1, 2026.
The RBI has issued new directions regarding credit derivatives to expand the market for total return swaps on corporate bonds as part of the FY 2026-27 budget.